- In the world of accounting, not all transactions involve external parties like customers or suppliers. Some transactions happen within the business itself, such as transferring money from one bank account to another or depositing cash into the bank. These internal cash/bank transactions are recorded using the Contra Voucher in TallyPrime.
As per the Accounting Principles, Contra entry means those entries which are affects both cash and bank accounts or related to cash, bank, petty cash is called is contra entry.
- Cash a/c to Bank a/c // Deposit
- Bank a/c to Bank a/c. // Transfer
- Bank a/c to Cash a/c. // Withdraw
- Cash a/c to Petty Cash a/c. // // Transfer
Contra Voucher – Click on Voucher
Select Contra Voucher
select your entry mode by pressing Ctrl + h
Cash Deposit in bank
See Reports
Balance Sheet Report
After voucher making see it’s affect
State Bank of India
Profit and Loss Reports
Assignment No 1
Record the following Contra Voucher Transactions
1. Opening cash 2,20,000.00Contra (Cash Deposit) Transaction [F4]
- 01-04-2022 Deposit cash of Rs 1,00,000 in AXIS Bank.
- 01-04-2022 Deposit Cash in ICICI Bank of Rs.20,000
- 01-04-2022 Deposit Cash in ICICI Bank of Rs.25,000
Contra (Cash Withdrawal) Transaction [F4)
- 01-04-2022 Withdrawal of Cash of Rs.10,000 from ICICI Bank vide Cheque No.
- 01-04-2022 Withdraw Cash of Rs.20,000 from ICICI Bank Vide Cheque No.666006
- 01-04-2022 Withdraw Cash of Rs.5,000 from AXIS Bank Ltd.
- 01-04-2022 Withdraw of Cash of Rs.8,000 from ICICI Bank Vide Cheque No.666005
Contra (Fund Transfer) Transaction [F4]
- 1-04-2020 Transfer Rs.25,000 from Cash to Petty Cash.
- 2-04-2020 State Bank of India is transferred to ICICI Bank of Rs.5,000 (F4:Contra)
- 1-05-2020 Amount Collected Axis Bank ltd. transferred to ICICI Bank of Rs.10,000
- 2-05-2020 Transfer Rs.5,000 from Cash to Petty Cash
Contra Voucher in Tally Prime
by 